Rawali, for what I know, GSA can be made and signed with an exit clause if it cannot be fulfilled. MOU's are the same. And from memory, we have entered into an MOU in the past which was later cancelled.
The only thing which may not be done in most cases, if not in all of them, is that the party entering into a GSA with us, is where the third party will not give you any money to continue doing exploration because the GSA could be cancelled.
The thing which I totally fail to understand though, is as to how and why we haven't entered into, nor done, an Offtake Agreement with a third Party wanting to get security of gas at a later stage and, with the way the gas supply is here in Australia at present whereby manufacturers and electricity generators are screaming for it, chances are that someone would have been more than willing to sign on the dotted line of that Offtake Agreement thus lending us money to continue on our exploration, All they usually get in return is a guaranteed supply of a certain percentage of our gas AT A DISCOUNTED PRICE for a certain specified period.
Was it ever done.?? OF COURSE NOT...Not that we have been told anyway.
Now, the real question which should be asked to Management by everyone here, instead of squabbling with one another, is as to why our good Management and Board never done anything of the kind about that thus leaving us at the mercy of what MQG wanted off us.
Now, can I go back to what I've said umpteen times in the past like "Is there a method in someone's madness".?
Perhaps I was right all along.
But it might be too late now as the bird has already flown.
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